Tokyo — Tosoh will move up the value chain in polyurethane materials and additives, according to a recently released briefing document.
The company said its strategy for its polyurethane business is “to move from general purpose to special items and accelerate the shift to system sales." The company puts Southeast Asia, India, North America, firmly in its sights as the areas where it plans to do this.
In its Functional urethane segment, sealing materials for medical applications will be expanded and the firm said it will increase production capacity of HDI products.
In its organic products business division, which contains its Toyocat and Rzeta businesses, Tosoh plans to enhance the profitability of existing products and introduce new products.
For Toyocat, the company said it plans to focus on expanding sales of high function products. Tosoh also plans to strengthen sales of its Rzeta materials in Europe and the US.
Across the business Tosoh in the medium to long term, the firm said it aims for a dividend pay-out ratio of 30%.